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Economy - Angel One

India’s Exports Witness Growth Despite Global Challenges

India’s Exports Witness Growth Despite Global Challenges

16 July 2024

India’s export sector demonstrated resilience in June 2024, defying global economic uncertainties. While the initial projections anticipated a 5.40% growth in total exports for June 2024, the final figures released by the Ministry of Commerce and Industry revealed a slightly lower but positive increase of 2.55%. This brings the cumulative export growth for the quarter …

India Recorded Strong Growth in Automobile Exports During Q1 FY2025

India Recorded Strong Growth in Automobile Exports During Q1 FY2025

15 July 2024

India’s automobile exports showed impressive growth in the June quarter, rising by 15.5% year-on-year, with all segments, except for three-wheelers, experiencing increased shipments. According to the latest data from the Society of Indian Automobile Manufacturers (SIAM), total exports reached 11,92,577 units in the first quarter of the current fiscal year, up from 10,32,449 units during …

Retail Inflation Soared Again in June 2024: Revealed CPI Data

Retail Inflation Soared Again in June 2024: Revealed CPI Data

15 July 2024

The Indian economy has demonstrated notable resilience during the April-June quarter, starting the financial year on a strong note as factory output reached a seven-month high in May. However, this encouraging performance was accompanied by a resurgence in retail inflation, which spiked to a four-month high in June, presenting significant challenges for policymakers as they …

India’s Industrial Production Sees Notable Growth of 5.9% in May 2024

India’s Industrial Production Sees Notable Growth of 5.9% in May 2024

15 July 2024

The Index of Industrial Production (IIP) in India increased significantly by 5.9% in May 2024, compared to a growth rate of 5% in April, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday. This rise surpassed consensus estimates, which had projected a growth of 4.9% for the month. When …

Gold Outpaced Equities in 1H: Can the Rally Continue?

Gold Outpaced Equities in 1H: Can the Rally Continue?

15 July 2024

Gold defied expectations in the first half of 2024, outperforming equity markets and showcasing its enduring appeal as a safe-haven asset. Spot gold prices on the Multi Commodity Exchange surged a robust 14%, eclipsing the benchmark Nifty50 index. Globally, the yellow metal climbed nearly 13%, reaching a price tag of $2,380 per ounce, defying the …

GeM Q1 FY 24-25: Record Growth and Focus on Innovation

GeM Q1 FY 24-25: Record Growth and Focus on Innovation

12 July 2024

The Government e-Marketplace (GeM) has achieved remarkable success in the first quarter of FY 24-25, demonstrating its commitment to efficient and inclusive public procurement. Soaring Growth and Sectoral Breakdown GeM’s Gross Merchandise Value (GMV) reached a staggering ₹1,24,761 crore, reflecting a massive 136% increase compared to Q1 of FY 23-24. This growth signifies the platform’s …

RBI Deputy Governor Expresses Worries Over the Calibre of Certain NBFCs’ Disclosures

RBI Deputy Governor Expresses Worries Over the Calibre of Certain NBFCs’ Disclosures

11 July 2024

Deputy governor of the Reserve Bank of India (RBI), M Rajeshwar Rao, has expressed concerns over the calibre of disclosures provided by certain non-banking financial corporations (NBFCs). His point was that the auditing community plays a critical role in making sure that companies give depositors and other stakeholders the right kind of qualitative information. At …

RBI Reverses Stance, Allows Banks Limited Use of Brickwork Ratings

RBI Reverses Stance, Allows Banks Limited Use of Brickwork Ratings

11 July 2024

In a surprising reversal, the Reserve Bank of India (RBI) has partially restored the usability of ratings provided by Brickwork Ratings India Private Limited (Brickwork). This comes after the RBI had restricted banks and other entities from seeking fresh ratings from Brickwork in October 2022, following the cancellation of its registration as a Credit Rating …

India’s PLI Scheme Boosts Telecom and Electronics Manufacturing

India’s PLI Scheme Boosts Telecom and Electronics Manufacturing

10 July 2024

The Production Linked Incentive (PLI) Scheme has proven to be a game-changer for India’s telecom and electronics manufacturing sectors. Launched to promote local production and reduce import dependence, the scheme has yielded impressive results in just a few years. Telecom Equipment Manufacturing Takes Off Production Surge: Within three years, the PLI scheme for telecom has …

SEBI Cracks Down on Unregistered Investment Advisors: Protecting Investor Interest

SEBI Cracks Down on Unregistered Investment Advisors: Protecting Investor Interest

10 July 2024

India’s market regulator, the Securities and Exchange Board of India (SEBI), is taking a strong stance against unregistered investment advisors. This move aims to protect investors from potentially misleading advice and ensure the integrity of the capital markets. Why the Crackdown? Unregistered advisors often lack proper qualifications and can provide investors, especially those new to …

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